Measuring Labour Market Security and Assessing its Implications for Individual Well-Being

This paper provides a comprehensive discussion of the labour market security dimension of the OECD's job quality framework, thereby complementing the analysis in Chapter 3 of the OECD Employment Outlook 2014 and Chapter 5 of the OECD Employment Outlook 2015. It makes three main contributions. F...

Full description

Bibliographic Details
Main Author: Hijzen, Alexander
Other Authors: Menyhért, Bálint
Format: eBook
Language:English
Published: Paris OECD Publishing 2016
Series:OECD Social, Employment and Migration Working Papers
Subjects:
Online Access:
Collection: OECD Books and Papers - Collection details see MPG.ReNa
LEADER 02251nma a2200277 u 4500
001 EB001830176
003 EBX01000000000000000996622
005 00000000000000.0
007 cr|||||||||||||||||||||
008 180616 ||| eng
100 1 |a Hijzen, Alexander 
245 0 0 |a Measuring Labour Market Security and Assessing its Implications for Individual Well-Being  |h Elektronische Ressource  |c Alexander, Hijzen and Bálint, Menyhért 
260 |a Paris  |b OECD Publishing  |c 2016 
300 |a 51 p.  |c 21 x 29.7cm 
653 |a Employment 
653 |a Social Issues/Migration/Health 
700 1 |a Menyhért, Bálint 
041 0 7 |a eng  |2 ISO 639-2 
989 |b OECD  |a OECD Books and Papers 
490 0 |a OECD Social, Employment and Migration Working Papers 
024 8 |a /10.1787/5jm58qvzd6s4-en 
856 4 0 |a oecd-ilibrary.org  |u https://doi.org/10.1787/5jm58qvzd6s4-en  |x Verlag  |3 Volltext 
082 0 |a 304 
082 0 |a 610 
082 0 |a 330 
520 |a This paper provides a comprehensive discussion of the labour market security dimension of the OECD's job quality framework, thereby complementing the analysis in Chapter 3 of the OECD Employment Outlook 2014 and Chapter 5 of the OECD Employment Outlook 2015. It makes three main contributions. First, it provides an in-depth discussion of the definition and measurement of labour market security. and discusses in detail the various methodological issues surrounding its measurement. Second, it offers a comprehensive statistical portrait of labour market security across countries, socio-economic groups and over time. Third, it investigates the statistical relationship between labour market insecurity and subjective measures of well-being. Importantly, we find that the risk of unemployment has a detrimental effect on the well-being of employed workers, and that this reflects to an important extent the risk of staying unemployed for a prolonged period of time. Policymakers should therefore focus not only on reducing the level of unemployment, but also on speeding up unemployment turnover at a given level of unemployment. Unemployment insurance also mitigates the adverse effect of unemployment risk, and particularly that of long-term unemployment, on the well-being of the employed